by Bill McBride on 2/14/2013 08:30:00 AM
Thursday, February 14, 2013
The DOL reports:
In the week ending February 9, the advance figure for seasonally adjusted initial claims was 341,000, a decrease of 27,000 from the previous week's revised figure of 368,000. The 4-week moving average was 352,500, an increase of 1,500 from the previous week's revised average of 351,000.The previous week was revised up from 366,000.
The following graph shows the 4-week moving average of weekly claims since January 2000.
Click on graph for larger image.
The dashed line on the graph is the current 4-week average. The four-week average of weekly unemployment claims increased to 352,500.
Weekly claims were below the 360,000 consensus forecast, and the 4-week average is close to the lowest level since early 2008.
Posted by Bill McBride on 2/14/2013 08:30:00 AM